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I need help with this microeconomics question > A Moving to another question will save this response. Question 1 of 5 > >> Question 1

I need help with this microeconomics question

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> A Moving to another question will save this response. Question 1 of 5 > >> Question 1 2 points Save Answer Consider two firms that are choosing the price of competing products. The choices are contained in the payoff table. Each firm can raise price, lower price, or maintain their price. Are there any Nash equilibria if the game is played just once? List them. Firm B Raise price Maintain price Lower price Raise price 5. 5 6, 4 Firm A Maintain price 4. 6 8, 8 1. 1 Lower price 2, 7 3 , 3 O There are two: (Raise price, Raise price) and (Maintain price, Maintain price) There is one: Maintain price, Maintain price O There is one: Lower price, Lower price There are two: (Raise price, Raise price) and (Lower price, Lower price) O A Moving to another question will save this response. Question 1 of 5 > >>

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